Show Summary Details
Card & James' Business Law

Card & James' Business Law (4th edn)

Lee Roach
Page of

Printed from Oxford Law Trove. Under the terms of the licence agreement, an individual user may print out a single article for personal use (for details see Privacy Policy and Legal Notice).

date: 26 September 2023

p. 63024. Corporate rescue, insolvency, and dissolutionlocked

p. 63024. Corporate rescue, insolvency, and dissolutionlocked

  • Lee RoachLee RoachSenior Lecturer in Law, University of Portsmouth
  • Published in print: 01 April 2016
  • Published online: September 2016


This chapter examines the different procedures available to companies that are experiencing financial difficulties. The chapter begins by examining what is a rescue culture, and the extent to which such a culture is present in the UK. The chapter then discusses a series of mechanisms that are designed to rescue a struggling company, namely administration and company voluntary arrangements. Receivership is then discussed, which is not a rescue procedure, but a mechanism designed to allow a creditor to recover monies owed. The chapter then looks at winding up (or liquidation) which is the process whereby the assets of the company are realized and paid out, prior to the company being dissolved. The chapter ends by looking at the rules relating to dissolution and restoration.

You do not currently have access to this chapter

Sign in

Please sign in to access the full content.


Access to the full content requires a subscription